News Focus
News Focus
icon url

kenco

11/17/03 11:41 AM

#2120 RE: SharonB #2119

V.I., He has been a CPA with Deloitte & Touche for the 20+ years that we have known him so Im quite sure he has a far better grasp of the subject than you do, and by the way, he is a very active trader of stocks, the main point he always made about these audit claims for pinksheet companys that never seem to materialize, if they have indeed been working on their audit all of this time, the auditor would have very little to do to certify it, as he pointed out, they only audit the accounting work, they dont perform the accounting work, that should already be done, the company has to keep pretty accurate records to file taxes quarterly, if things are so out of wack that it requires months and years to get an audit done, they probably have some major IRS issues.

icon url

phoenix_newbie

11/17/03 4:37 PM

#2131 RE: SharonB #2119

Sharonb's point about this is definately more accurate.

I daresay kencos cpa friend is probably not to good, or like she said, kenco distorted the info.

It can and often does take more time.